Today (Kartik 9) is the final day to apply for Narayani Development Bank Limited’s 100% right share issue, which opened on Ashoj 2. The bank has offered the right shares in a 1:1 ratio, meaning existing shareholders can buy one new share for every share they currently hold.
In total, the bank is issuing 26,24,676 shares with a face value of Rs 100 each. This amounts to Rs 26.24 crore worth of right shares being sold.
For this issuance, the bank had set its book closure date on Bhadra 9. So, only those shareholders who owned shares and were listed on NEPSE by Bhadra 8 are eligible to apply.
ICRA Nepal has rated the bank’s issue as ‘ICRANP Issuer Rating C Plus’, which indicates a higher risk in the bank’s ability to meet its financial obligations on time.
Global IME Capital Limited is managing the issuance and sales of the shares. Investors can apply through branches of Global IME Bank, Narayani Development Bank offices, ASBA-approved banks, or via the online ‘Mero Share’ platform.
